Monday, June 4, 2012

NCDEX Live Tips and Agri Commodity News For Today

NCDEX Pepper Tips

A major support is seen at 37900 levels which, if it holds, could see pullback rallies to 39000/39200 region. A direct rise above 39800 levels is needed for the next bullish wave to re enter in the counter. Conversely, on the lower side, if prices puncture the support of 37800 then a lower correction is anticipated towards 37000 levels in the immediate run. We suggest to Buy NCDEX Pepper Futures at low levels.

NCDEX Jeera Tips

NCDEX Jeera has reversed down after retesting the channel on the upside. A downfall may continue towards 12250 levels for the day. The rise on the weekly charts clearly looks corrective one i.e. an A-B-C pullback. The minimum target on the lower side is near the previous swing low i.e. 11250 and below that 10700. The resistance on the upside is pegged at 13530 levels. We suggest to Sell NCDEX Jeera Futures at high levels.